Toronto’s 500px, a platform for photographers to post and sell their work online, has raised $8.8 million in venture capital investment from US firms Andreessen Horowitz and Harrison Metal with participation from Creative Artists Agency, Rugged Ventures, Dustin Plett, and ff Venture Capital.
This is fantastic news. 500px is a great local startup that attracts 2.5 million users and a billion page views every month. It is encouraging to see it attract interest from a slew of investors, including one of the biggest names in venture capital, Andreessen Horowitz, which has backed many successful tech companies such as Twitter, Facebook, Groupon, Zynga, Foursquare, and Airbnb. The firm has made a number of Canadian investments recently, including the Vancouver companies Convergent.io in 2012 and Tiny Speck in 2011.
For more on the transaction, click here.